Rangers Sign Mike Olt

The Rangers have signed sandwich pick Mike Olt, tweets MLB.com's T.R. Sullivan. Olt was the next-to-last selection in the supplemental round of this year's draft, picked 49th overall. He'll receive a bonus of approximately $717K, according to Baseball America's Jim Callis.

In their scouting report of the third baseman, MLB.com says Olt "stands out as one of the better [college hitters]… especially if a team is looking for power potential." Baseball America ranked the Connecticut product as the 98th-best player heading into the draft, citing his "agility, good glove, and power bat."

Olt becomes the third of the Rangers' top four picks to agree to terms, as the team reached agreements quickly with first-rounders Jake Skole and Kellin Deglan. Be sure to stay up to date on draft signings with our complete list of the top 50 picks.